Oil prices dropped on Friday as investors took profits following a seven-percent rise in the last two sessions, amid doubts that OPEC’s first planned output cut in eight years would make a substantial dent in the global crude glut. ›

Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb oil production – the group’s first such deal since 2008 – would be enough to rebalance a heavily over-supplied world market. ›

Oil halted losses below $45 a barrel after Saudi Arabia signaled it may compromise with regional rival Iran on a future output agreement as both countries expect no deal when OPEC members meet Wednesday in Algiers. ›